(Canadian Press Broadcast Wire (Canada) Via Acquire Media NewsEdge) (FedBudget) (Audio: P03)
Finance Minister Jim Flaherty is banking that his eighth federal budget will propel the economy forward in a burst sometime next year.
This budget shuffles priorities, re-allocates resources and cracks down on tax cheats but adds no new money while continuing dramatic cuts to direct program expenses.
The centrepiece is a revamped plan for skills training to better align the Canadian workforce with employer needs.
But it won't kick in until next April and is contingent on negotiations with the provinces, who are expected to foot a third of the bill. (14)
Finance Minister Jim Flaherty has introduced a stay-the-course budget that pledges to eliminate the deficit by fiscal 2015.
Part of the strategy to accomplish that is a plan to close tax loopholes and chase tax cheats -- which is expected to rake in half-a-billion dollars this year and rise to 1.3 billion in 2014.
There is some good news for anyone angry about paying more for the same goods than Americans.
The budget ends tariffs on baby clothes and sports gear, including skates, hockey sticks, skis and golf clubs. (14)
(TD-Cyber-Attack) (Audio: 111)
A ``targeted'' cyber attack shut down T-D Canada Trust's website and mobile banking, but the bank says personal information and accounts were not compromised.
The bank says most of the services are now up and running, but business customers may still be unable to log-in to their online accounts.
The breach did not affect branch banking, telephone banking or A-T-M's. (14)
The federal public safety minister says he's open to talking about more money for aboriginal policing in northern Ontario.
Vic Toews (TAVES) says there needs to be a discussion about how to improve the federal First Nations policing program.
Toews says the recent five-year funding renewal will allow the government to see what works and what doesn't. (14)
One of the companies that brought more competition into the wireless market is being put up for sale.
Dutch telecom owner VimpelCom is selling small wireless carrier Wind Mobile, which was launched in December, 2009.
There are reports initial bids are due tomorrow. (14)
Three elephants from the Toronto Zoo could fly to their new home in California aboard a Royal Canadian Air Force transport plane.
The military has been asked to provide an aircraft because there are no fully pressurized commercial planes large enough to carry the animals in their crates. Defence Minister Peter MacKay will ultimately decide if the air force will get involved. (14)
(NewsWatch by Lori Paris and Dawn Kelly)
(The Canadian Press)
(c) 2013 The Canadian Press
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